BIC - 2018 Registration document

CORPORATE GOVERNANCE

Corporate Officers’ compensation

James DiPietro Executive Vice-President

Amounts for fiscal year 2017 (in U.S. dollars) (a)

Amounts for fiscal year 2018 (in U.S. dollars) (b)

Due

Paid

Due

Paid

Fixed compensation

515,000 (455,752 euros) 343,814 (304,260 euros)

515,000 (455,752 euros) 344,850 (305,177 euros)

563,000 (476,715 euros) 419,322 (355,057 euros)

563,000 (476,715 euros) 343,814 (291,121 euros)

Annual variable compensation

Multi-year variable compensation

-

-

-

-

Other compensation  (c)

74,606 (66,023 euros)

74,606 (66,023 euros)

90,714 (76,812 euros)

90,714 (76,812 euros)

Directors’ fees Fringe benefits

-

-

1) Car allowance: 13,800 (12,212 euros)

1) Car allowance: 13,800 (12,212 euros)

1) Car allowance: 13,800 (11,685 euros)

1) Car allowance: 13,800 (11,685 euros)

2) Company contributions to company U.S. savings plan:

2) Company contributions to company U.S. savings plan:

2) Company contributions to company U.S. savings plan:

2) Company contributions to company U.S. savings plan:

a) 401 K: 8,100 (7,168 euros)

a) 401 K: 8,100 (7,168 euros)

a) 401 K: 9,250 (7,832 euros)

a) 401 K: 9,250 (7,832 euros)

b) Exec Comp Plan: 20,000 (17,699 euros) 3) Other: 37,451 (33,143 euros) 1,012,771 (896,257 EUROS)

b) Exec Comp Plan: 20,000 (17,699 euros) 3) Other: 37,451 (33,143 euros) 1,013,807 (897,174 EUROS)

b) Exec Comp Plan: 22,520 (19,069 euros) 3) Other: 38,307 (32,436 euros) 1,156,913 (979,606 EUROS)

b) Exec Comp Plan: 22,520 (19,069 euros) 3) Other: 38,307 (32,436 euros) 1,081,405 (915,669 EUROS)

TOTAL

Amounts in U.S. dollars were converted into euros using the average exchange rate for 2017 (1 EUR = 1.1300 USD). (a) Amounts in U.S. dollars were converted into euros using the average exchange rate for 2018 (1 EUR = 1.1810 USD). (b) Compensation equivalent to the dividends unpaid on the shares acquired and held by SOCIÉTÉ BIC until the end of the compulsory holding period. (c)

Marie-Aimée Bich-Dufour Executive Vice-President

Amounts for fiscal year 2017 (in euros)

Amounts for fiscal year 2018 (in euros)

Due

Paid

Due

Paid

Fixed compensation

300,900 120,541

300,900 138,591

199,509

199,509 120,541

Annual variable compensation

89,380

Multi-year variable compensation

- - -

- - -

- - -

- - -

Extraordinary compensation

Directors’ fees

Vehicle (Value of benefit): 1,488

Vehicle (Value of benefit): 1,488

Vehicle (Value of benefit): 1,602

Vehicle (Value of benefit): 1,602

Fringe benefits

TOTAL

422,929

440,979

290,491

321,652

Revision of fixed compensation 4.2.2.4. for 2019 The Board set the annual fixed compensation in respect of 2019: 300,000 euros for Pierre Vareille, Chairman of the Board ● (unchanged vs. 2018);

735,000 U.S. dollars (622,354 euros  (1) +8.9% vs. his ● compensation since May 16, 2018) for Gonzalve Bich, Chief Executive Officer; The Compensation Committee recommended this increase based on the CEO's performance and experience in role in addition to the market data.

572,850 U.S. dollars (485,055 euros  (1) +1.7% vs. 2018) for ● James DiPietro, Chief Finance Officer and Executive Vice-President; Amounts in U.S. dollars were converted into euros using the average exchange rate for 2018 (1 EUR = 1.1810 USD) and for 2017 (1) (1 EUR = 1.1300 USD).

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• BIC GROUP - 2018 REGISTRATION DOCUMENT •